As if the rollout of the new iPhone and AppStore weren't reason enough for Steve Jobs to celebrate, the Apple head honcho got even more reason to celebrate today when reports began to surface that the Department of Justice was formally ending its backdating probe.

For those of you with short memories, the probe centered around stock options awarded to Jobs and other Apple execs around the begining of the decade. When suspicion arose that the options may have been purposely back-dated to give a better price, the feds got involved.

Ultimately, the SEC charged and cut a deal with former CFO Fred Anderson and general council Nancy Heinen.

Save for a single class action lawsuit filed by stockholders, the matter is just about over with for St. Steve and company.

10 Jul 2008